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  • COBRA Rates

    What constitutes what we can charge for COBRA rates? We are self insured with a broker. I received a letter for the upcoming year new COBRA rates and they actually went down a little. However, the broker said we could keep the higher COBRA rates intact if we want.

    For some reason that does not sound right. Can someone point me in the right direction on this?

  • #2
    Not my area of expertise, but COBRA used to be actual cost of the medical coverage plus 2%. CBG can give you a better answer.
    "Reality is that which, when you stop believing in it, doesn't go away".
    Philip K. **** (1928-1982)

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    • #3
      DAW is correct. It is the actual cost of coverage, and you can, if you wish, charge a 2% admin fee.

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      • #4
        Even if we are self insured?

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        • #5
          No idea. You might need to contact DOL on that. Also, BenefitLinks is where the benefits heavy hitters hang out.
          "Reality is that which, when you stop believing in it, doesn't go away".
          Philip K. **** (1928-1982)

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          • #6
            It's got nothing to do with self-insured or fully insured. The cost of COBRA is the employee cost, plus the employer cost, plus an admin fee of up to 2%.

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